Global Semiconductor Market: Annual Sales

Worldwide semiconductor sales, year-on-year growth and quarterly momentum, from Semiconductor Industry Association and WSTS data.

Updated October 1, 2026
5 min read
1 source
Global

Executive Summary

2024 was the semiconductor industry's best year on record. Global sales reached $627.6 billion, the first time annual sales passed $600 billion. That was 19.1% more than the 2023 total of $526.8 billion. The industry association expects double-digit growth again in 2025.

Key Numbers

Global sales, 2024: $627.6B[1]; First year above $600 billion.
Growth vs 2023: 19.1%[1]; Up from $526.8 billion in 2023.
Q4 2024 sales: $170.9B[1]; 17.1% above Q4 2023.
December 2024 sales: $57.0B[1]; 1.2% below November 2024.

Charts

Global semiconductor sales

Total worldwide semiconductor sales by calendar year.

2023
$526.8B
2024
$627.6B

Unit: USD billion · 2023-2024Source: [1] Semiconductor Industry Association (SIA)

Market Size

Global sales, 2024: $627.6 billion [1]
Global sales, 2023: $526.8 billion [1]
Fourth quarter 2024: $170.9 billion [1]

From the two annual totals, sales rose by about $100.8 billion in 2024. This is our calculation, and it matches the reported 19.1% growth rate.

Growth

Growth stayed strong to the end of 2024. Fourth-quarter sales were 17.1% higher than a year earlier and 3.0% higher than the third quarter [1].

December 2024 sales of $57.0 billion were slightly below November, down 1.2% [1]. Small monthly dips like this are normal, even in a strong year.

Key Companies

The industry includes chip designers such as NVIDIA, whose processors are widely used for AI, and contract manufacturers (foundries) such as TSMC. This report does not break down sales by company or product type.

Outlook

The Semiconductor Industry Association said double-digit market growth is projected for 2025 [1]. We do not publish our own forecast.

Methodology

Monthly sales are compiled by the World Semiconductor Trade Statistics (WSTS) organization and reported as three-month moving averages [1].

Sources

[1]
Global Semiconductor Sales Increase 19.1% in 2024; Double-Digit Growth Projected in 2025 / Semiconductor Industry Association (SIA) / February 7, 2025 / View source

Figures are reproduced from the publishers above. Calculations marked as our own are derived from these figures. Always check the original source before using a number.